Refer to the data in Exercise 8-20.

Required
a. Compute the equivalent units for materials using FIFO.
b. Compute the equivalent units for conversion costs using FIFO.

Data From Exercise 8-20:

Pierce & Company provides the following information concerning the work in process at its plant:

• Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 40 percent complete).
• Started this month, 252,000 units.
• Transferred out, 210,000 units.
• Ending inventory, 140,000 units (materials are 100 percent complete; conversion costs are 45 percent complete).